CA Gov. Signs Bills to Help Keep Balanced Budget

SACRAMENTO-Moving to keep California’s fiscal house in order, Gov. Edmund G. Brown Jr. recently signed two bills that will help maintain the state’s balanced budget and vetoed a third bill that would have undermined investor confidence in California’s bonds, according to a prepared release from the State. “Job number one is protecting the integrity of our balanced budget, because it directly impacts California’s financial stability,” says Governor Brown.

Gov. Brown points out that the two bills that were signed, “provide critical revenues that will keep our budget balanced.” He adds that “I am vetoing a third bill that would have undermined investor confidence in California by altering the budget’s mechanisms for automatic trigger cuts.”